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President Trump’s newly appointed crypto chief, David Sacks, appeared on a live broadcast to answer questions about cryptocurrencies.
David Sacks Explains Trump’s Crypto Plans
David Sacks, President Trump’s newly appointed “Crypto Chief,” appeared on The Evening Edit for an exclusive interview where he outlined the U.S. government’s ambitious goal of becoming a global leader in the digital asset world. Sacks discussed how the Trump administration plans to encourage innovation within the crypto ecosystem while ensuring the U.S. remains competitive in the digital asset market.
He emphasized that these steps are aimed at positioning the U.S. to take a more prominent and leading role in the regulation of digital assets.
Comprehensive Regulatory Framework for Crypto and New Executive Order
During the interview, Sacks revealed that the Trump administration had formed an internal working group to provide regulatory clarity for cryptocurrencies. President Trump recently signed an executive order to formalize this initiative and promote innovation in the crypto sector.
“We want to make America the crypto capital,” said Sacks, noting that the current administration aims to create a clear regulatory framework for the sector while preventing crypto companies from relocating overseas. According to Sacks, this move represents a sharp departure from the Biden administration, which has pushed many businesses abroad due to “aggressive enforcement actions.” He highlighted that the crypto industry’s primary demand is simple: clear and understandable rules.
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